Burberry Group PLC (OTCMKTS:BURBY) Short Interest Up 353.7% in July

Burberry Group PLC (OTCMKTS:BURBY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 14,881 shares, an increase of 353.7% from the July 15th total of 3,280 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 100,944 shares, the days-to-cover ratio is currently 0.1 days.

Burberry Group Trading Down 2.2%

Shares of BURBY stock opened at $14.82 on Friday. Burberry Group has a 1 year low of $13.30 and a 1 year high of $18.55. The stock has a fifty day moving average of $14.96 and a two-hundred day moving average of $15.19. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.